[Costs of Saudi Arabia's Neom green hydrogen mega-project soar by $3.5 billion] Budgets for the Neom green hydrogen mega-project, which will tap vast green energy capacity, have soared 70% to $8.5 billion, according to a financial update from co-developer Air Products. Inflation, spare parts, land upfront costs and interest on a $1 billion loan all contributed to the $3.5 billion budget increase the company is developing in the deserts of northwestern Saudi Arabia with partner ACWA Power, a Saudi renewable energy development Merchant and Neom. Editor/Xing Wentao

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• 2026.05.27 14:08
• [CGN Guangxi 212.5MW Wind Power EPC Bid Opening]
• On May 25, 2026, CGN announced the candidates for the EPC general contracting of two mountain wind power projects in Lingyun, Guangxi. The total installed capacity of this project is 212.5MW, and a 6.25MW large model is uniformly used, which belongs to the Guixi Mountain Wind Power Project with high construction difficulty. Gezhouba Third Company ranked first with a quotation of 244.5 million yuan, followed closely by two energy construction companies. The total quotation difference among the top three companies was only about 13 million yuan, and the market competition was extremely fierce. The unit cost of this project is relatively low, and the industry believes that mountainous construction experience and local coordination ability will become the core winning factors in the final bid.Editor/Gong Ziwei

• 2026.05.27 14:02
• [China Guotou Electric Power establishes a new company]
• Recently, Guotou (Jinsha) Electric Power Co., Ltd. officially landed with a registered capital of 200 million yuan, fully owned by Guotou Electric Power. The enterprise's business covers areas such as wind power, photovoltaics, energy storage, carbon reduction, CCUS, and power transmission and distribution, achieving a full chain layout of source, grid, load, and storage of carbon. As of the end of the third quarter of 2025, the installed capacity of Guotou Electric Power Holdings has steadily increased, forming a comprehensive energy platform development pattern. On May 24, 2026, Guotou Yalong River Company's new energy daily power generation exceeded 20 million kilowatt hours for the first time, breaking the historical record and confirming the significant effectiveness of the multi energy complementary development model of China's first water wind solar integrated base.Editor/Gong Ziwei